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I've been looking for something I'm not into....and came across this fund. I'm not sure what it is......it's Europe, which I like, but what does this thing do? I feel like commodities have bottomed and will rise (Europe). Is this something worthwhile -- EAPCX -- what say you? the Pudd
I've been looking for something I'm not into....and came across this fund. I'm not sure what it is......it's Europe, which I like, but what does this thing do? I feel like commodities have bottomed and will rise (Europe). Is this something worthwhile -- EAPCX -- what say you? the Pudd
As Ted noted, this fund is effectively a tiny bit in an ETN (credit risk) and cash. You could certainly do this yourself, although watch out for commodity exchange traded products that result in a K1 (many do.)
@hank That seems like an awful lot of trouble for a gallon of milk and a pint of strawberries at Whole Foods. But I certainly understand the desire to use cash to avoid the paper trail back to you. Once The Man comes to knows which hygiene products you use, and your preferential food choices, you will belong to Him.
Negative interest rates in countries such as Denmark and Switzerland will contribute to the abolition of paper money and a shift towards alternative payment systems.
That's according to the head of retail fixed interest at M&G Investments Jim Leaviss, who manages three funds including the M&G Global Macro Bond fund. Cash handling is getting expensive, and cash payments can easily slip through the tax collecting net,’ he said. ..the Danish government announced last week it wants to allow gas stations, clothing stores, and restaurants the option to stop taking cash in order to promote credit and debit payment systems. The other reason why moving to electronic payments might prove economically viable is that Danish interest rates are currently negative, Leaviss said.
PS Just visited San Diego where the immigrant and Hispanic population still consider cash the king.As one waiter quipped,"the greener the better !" Hard to see the guv wringing all the cash out of the system.But ....
@hank: "Not exactly. I'll use the ATM card at 10 different banks where the limit is $500 each". That's kind of expensive isn' it ? With the average ATM fee @$4.35 it could cost you as much as $43.50 to withdraw $5000. Hank.........we need to talk ! Regards, Ted Regards, Ted
Negative interest rates in countries such as Denmark and Switzerland will contribute to the abolition of paper money and a shift towards alternative payment systems..
I fully believe this will happen in due time in the US.
Comments
Regards,
Ted
http://www.marketwatch.com/investing/stock/djp
Eaton Vance Website EAPCX: (Click On Fact Sheet)
http://funds.eatonvance.com/Parametric-Commodity-Strategy-Fund-EAPCX.php
Well ... off to the bank this morning to w/d $5000 for the day's groceries.
Regards,
Ted
Nooooo......(LOL)! Don't need another hole. Things are leaking out fast enough at my age.
Hank (hee! hee! hee!) I like!!!
the Pudd
As Ted noted, this fund is effectively a tiny bit in an ETN (credit risk) and cash. You could certainly do this yourself, although watch out for commodity exchange traded products that result in a K1 (many do.)
That's according to the head of retail fixed interest at M&G Investments Jim Leaviss, who manages three funds including the M&G Global Macro Bond fund.
Cash handling is getting expensive, and cash payments can easily slip through the tax collecting net,’ he said.
..the Danish government announced last week it wants to allow gas stations, clothing stores, and restaurants the option to stop taking cash in order to promote credit and debit payment systems.
The other reason why moving to electronic payments might prove economically viable is that Danish interest rates are currently negative, Leaviss said.
‘In a world of physical cash it is possible for many economic participants to avoid a negative interest rate simply by withdrawing their money from the banking system and keeping it in a safety deposit box or under the mattress.
http://citywireglobal.com/news/negative-rates-could-spell-end-of-paper-money-says-mandg-s-leaviss/a814243
PS Just visited San Diego where the immigrant and Hispanic population still consider cash the king.As one waiter quipped,"the greener the better !" Hard to see the guv wringing all the cash out of the system.But ....
Regards,
Ted
Regards,
Ted
Like pot-holes, Michigan has many different banks. http://www.usbanklocations.com/michigan-bank-list.htm
Thanks for inquiring. Have a good day.